Alibaba secures its place in history as the largest U.S.-listed initial public offering of all time.
The Chinese e-commerce company is expected to begin trading at the New York Stock Exchange Friday morning.
Alibaba, which is expected to go public tomorrow in the biggest initial public offering ever, is a giant tech firm that remains a giant mystery to many Americans. The e-commerce has a number of websites and businesses all under the name Alibaba Group. Why did founder and executive chairman Jack Ma choose to call his company Alibaba?
Chinese e-commerce giant Alibaba Group will price its shares at $68 a piece, topping its initial expected range, and raising a total of $21.8 billion to make it the biggest U.S. initial public offering ever. MoreDow Closes at Record After Fed Keeps Rates IntactFacebook Is Now Worth $200 Billion'Bridgegate' Probe Finds No Link to Christie:…
(Reuters) - Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday.